Women of this state are far ahead in terms of economic independence!
women of the country are now more aware of their rights than before. Along with being empowered, women are also becoming financially independent. However, women of kerala are at the forefront in this matter. We are not saying this, but it has been revealed in a report of NITI Aayog.
women managing credit profile
NITI Aayog's report titled 'From Borrowers to Builders - Women's Role in India's Financial Growth Story,' highlighted the increasing financial independence among women across the country. It explained how the women of kerala are managing their credit profile in a better way.
Their share in the country's women borrowers is 6 percent. While in this case, they are at the sixth place in the whole country. It reflects the state's commitment towards financial inclusion and empowerment, while the population of kerala is relatively less than many other big states. It is clear from this that the share of women in the loan market is increasing.
Share of these states in women borrowers
Maharashtra has the highest number of women borrowers at 15 percent. After this, tamil Nadu is in second place with a share of 11 percent, karnataka is in third place with a share of 9 percent. Their share in Uttar Pradesh and telangana is 7 percent. The report also stated that 44 percent of women in the state have seen an improvement in their credit score in six months. This shows how rapidly financial awareness is increasing among the women of the state.
This study of niti aayog also found that the maximum number of women borrowers in kerala are from urban areas, followed by women from rural and urban areas. Experts believe that women taking loans is important for the country's economy as well as social development.
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